Wheaton Precious Metals stock gains as gold prices stay elevated

Wheaton Precious Metals Corp. (ISIN US92939B1070) stock is trading strongly on September 4, 2026, with recent market data showing the shares around the mid-150 dollar range as precious metals prices remain elevated and investors position ahead of key US jobs data.

Stock advances alongside precious metals

According to market data compiled by Yahoo Finance, Wheaton Precious Metals stock recently traded at about 135.19 dollars during intraday dealings, reflecting a gain of 7.89% at that point in the session as of September 4, 2026.The Yahoo Finance overview shows the move came as trading remained active during regular market hours.

A separate overview by MarketBeat reports that shares of Wheaton Precious Metals opened at 157.37 dollars on September 4, 2026, describing the stock as trading up 4.3% compared with the prior close, which places the share price clearly above the 150 dollar mark.The MarketBeat alert also highlights active interest in the stock.

Institutional interest and valuation context

The same MarketBeat report notes that a large institutional investor has recently built a position valued at 24.65 million dollars in Wheaton Precious Metals as of early September 2026, underscoring continued institutional confidence in the company’s streaming business model.The MarketBeat filing summary provides the position size and trading context.

In a valuation-focused article dated September 3, 2026, GuruFocus points out that Wheaton Precious Metals stock closed at 156.63 dollars on that day, representing a 3.8% gain during the session and standing 14.0% below an internal fair value estimate of 182.13 dollars for the shares.The GuruFocus analysis therefore suggests upside potential of about 25.5 dollars per share compared with this valuation yardstick as of September 3, 2026.

Precious metals prices support the streaming model

Precious metals prices are a key driver for Wheaton Precious Metals because the company earns streaming revenue linked to gold and silver production volumes and prices. A commodity overview compiled on September 4, 2026 shows COMEX gold at 4,472.92 dollars per ounce, up 2.08% from a previous close of 4,381.68 dollars, and COMEX silver at 66.981 dollars per ounce, up 2.55% from 65.3155 dollars.The commodity daily report underlines that both gold and silver prices have climbed meaningfully, creating a supportive backdrop for streaming companies.

Another market commentary on September 4, 2026 notes that spot gold prices have been holding near recent highs and moving higher ahead of the US Nonfarm Payrolls report, with spot gold quoted at 4,472.68 dollars per ounce and up 1.92% at 10:18 AM Pacific time.The Mettis Global overview reinforces that elevated gold prices are a central theme in the current trading environment.

Representative streaming portfolio asset

A representative example of Wheaton Precious Metals’ portfolio is its gold and silver streaming agreements linked to large-scale mines operated by major producers. Under these agreements, Wheaton Precious Metals typically provides upfront payments to mining companies in exchange for the right to purchase a portion of the mine’s gold or silver output at a fixed, low cost per ounce. The company then sells the streamed metal into the market, capturing the difference between the market price and the contract cost as margin. In recent years, such streaming contracts have contributed a substantial share of Wheaton Precious Metals’ revenue, illustrating the leverage the company has to sustained high gold and silver prices.

Stock price and investor perspective

With Wheaton Precious Metals stock recently quoted between about 135.19 dollars on an intraday basis and an opening level of 157.37 dollars on September 4, 2026, the shares are trading well above the 150 dollar mark and remain roughly 14.0% below a fair value estimate of 182.13 dollars cited by one valuation service as of September 3, 2026. For investors, the combination of elevated gold and silver prices and ongoing institutional interest currently forms the core backdrop for evaluating Wheaton Precious Metals stock.